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Cash, Cash Equivalents and Marketable Securities
12 Months Ended
Dec. 31, 2014
Cash Cash Equivalents And Short Term Investments [Abstract]  
Cash, Cash Equivalents and Marketable Securities

4.

Cash, Cash Equivalents and Marketable Securities

Cash equivalents and marketable securities as of December 31, 2014, and 2013 consist of the following (in thousands):

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

$

2,522

 

 

$

-

 

 

$

-

 

 

$

2,522

 

Money market funds

 

46,989

 

 

 

-

 

 

 

-

 

 

 

46,989

 

Total cash and cash equivalents

 

49,511

 

 

 

-

 

 

 

-

 

 

 

49,511

 

Marketable securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

73,140

 

 

 

11

 

 

 

(10

)

 

 

73,141

 

Total marketable securities available-for-sale

 

73,140

 

 

 

11

 

 

 

(10

)

 

 

73,141

 

Total cash, cash equivalents and marketable securities

$

122,651

 

 

$

11

 

 

$

(10

)

 

$

122,652

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

$

1,766

 

 

$

-

 

 

$

-

 

 

$

1,766

 

Money market funds

 

20,013

 

 

 

-

 

 

 

-

 

 

 

20,013

 

U.S. government agency securities

 

1,343

 

 

 

-

 

 

 

-

 

 

 

1,343

 

Total cash and cash equivalents

 

23,122

 

 

 

-

 

 

 

-

 

 

 

23,122

 

Marketable securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

166,285

 

 

 

16

 

 

 

(47

)

 

 

166,254

 

Total marketable securities available-for-sale

 

166,285

 

 

 

16

 

 

 

(47

)

 

 

166,254

 

Total cash, cash equivalents and marketable securities

$

189,407

 

 

$

16

 

 

$

(47

)

 

$

189,376

 

 

The maturities of our marketable securities available-for-sale are as follows (in thousands):

 

 

 

December 31, 2014

 

 

 

Amortized Cost

 

 

Estimated Fair Value

 

Mature in one year or less

 

$

72,390

 

 

$

72,391

 

Mature after one year through two years

 

 

750

 

 

 

750

 

 

 

$

73,140

 

 

$

73,141

 

 

There were no realized gains or losses from the sale of marketable securities in the years ended December 31, 2014, 2013 and 2012. All of our investments are classified as short-term and available-for-sale, as we may not hold our investments until maturity.